At present, it does indeed look like we are not making a sustainable move up. I see 2 pretty scary fractals potentially playing out.
Firstly, as can be seen here - a hourly fractal of 29th May 2018 - playing out on the daily. Which portends a move up to around the 46.x mark, before we head meaningfully lower.
Secondly, as can be seen here:
- this is a daily fractal my system has isolated as what might be playing out here.
Before you dismiss this as bear fodder, please consider the fact that when you, in your mind's eye, compress the entire 2008 - 2009 fractal, into an hourly, you can begin to see how the fractal could be fathomed as the hourly fractal from the 29th May, which seems to be echoing again through history up until the present moment.
Where am I wrong
1. For now, I am not short. In fact I am long
2. When we get the blue bars, I will begin to initiate long dated hedges to my longs
3. If we bust through the 46.x mark, then I will fall back to the 2nd best fractal match
Comments provided in the chart itself
Firstly, as can be seen here - a hourly fractal of 29th May 2018 - playing out on the daily. Which portends a move up to around the 46.x mark, before we head meaningfully lower.
Secondly, as can be seen here:
Before you dismiss this as bear fodder, please consider the fact that when you, in your mind's eye, compress the entire 2008 - 2009 fractal, into an hourly, you can begin to see how the fractal could be fathomed as the hourly fractal from the 29th May, which seems to be echoing again through history up until the present moment.
Where am I wrong
1. For now, I am not short. In fact I am long
2. When we get the blue bars, I will begin to initiate long dated hedges to my longs
3. If we bust through the 46.x mark, then I will fall back to the 2nd best fractal match
Comments provided in the chart itself
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With the 5 up today, I think the call for lower has been satisfied @ 41. No longer looking for this
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Call for lower again, restarted now at @39 - think we can head to 20s early next year, so worth the hedge in my books
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